1076 E Chestnut Ave, Vineland, NJ 08360

Institutional Health System Tenancy: The property is leased to Penn Medicine, a premier academic health system comprising six acute-care hospitals and an extensive outpatient network spanning 27+ counties across Pennsylvania and New Jersey. The tenant’s institutional backing and regional scale provide a strong credit profile and operational reliability.

Triple Net (NNN) Lease: The lease is structured on a NNN basis, placing taxes, insurance, and maintenance responsibilities on the tenant. This offers investors a stable, passive income stream with minimal landlord involvement, ideal for those seeking long-term, low-touch investments.

Contractual Rent Growth: The lease includes fixed 2.75% annual rental escalations, delivering predictable income growth and serving as a natural hedge against inflation in both the near and long term.

Affluent Surrounding Demographics: The property is situated in a high-income area, with average household incomes exceeding $100k within a five-mile radius. This favorable demographic profile supports continued demand for high-quality outpatient healthcare services.

Strategic Location with Proximity to Major Healthcare Hub: Located along Chestnut Avenue just off NJ Route 55, the site benefits from exceptional regional accessibility. It is situated less than five miles from Inspira Medical Center Vineland, a major regional hospital, enhancing patient referral potential and clinical synergies.

High-Quality, Professionally Maintained Facility: The building presents in strong physical condition, with well-maintained systems and a clean, modern appearance. These real estate fundamentals support tenant retention.

Essential, High-Demand Medical Use: The tenant operates a cardiology practice at this location—an essential and resilient medical specialty projected to grow at a compound annual growth rate (CAGR) of 7.9% from 2024 through 2033. This use supports long-term occupancy and relevance within the healthcare ecosystem.

Recently Executed Long-Term Lease: In 2024, the tenant executed a new eight-year lease, signaling their long-term commitment to the location and providing secure, predictable cash flow through the initial lease term